{
    "type": "ETF",
    "ucits": true,
    "fund_name": "iShares $ Corp Bond ESG SRI UCITS ETF EUR Hedged (Dist)",
    "investment_objective": "To track the Bloomberg MSCI US Corporate ESG SRI Index, investing primarily in USD denominated, investment grade, fixed-rate corporate bonds with ESG/SRI criteria.",
    "primary_asset_class": "Fixed Income (Corporate Bonds)",
    "geographic_focus": "United States (USD denominated corporate bonds)",
    "replication_method": "physical",
    "swaps": false,
    "derivatives": false,
    "leverage": false,
    "inverse": false,
    "complex_factors": "",
    "classification": "non-complex",
    "supporting_data": "The ETF is a UCITS-compliant fixed income ETF physically replicating a corporate bond index with ESG/SRI screening. The fund uses a sampling methodology and optimising techniques to track the Bloomberg MSCI US Corporate ESG SRI Index, investing directly in underlying bonds rather than synthetic replication. The use of financial derivative instruments (FDIs) is limited to currency hedging (FX forwards) and possibly short-term secured lending to offset costs, not for investment exposure or leverage. There is no mention of swap agreements, total return swaps, or synthetic replication structures. The fund does not employ leverage, inverse or amplified exposure. The risk profile is moderate (risk level 3-4), consistent with investment grade corporate bonds, and the PRIIPs KID confirms a medium-low risk classification (3/7). The fund does not have capital protection or structured features. Costs are straightforward with a TER of 0.17%, no performance fees, and no complex fee structures. Counterparty risk is disclosed but limited to custodial and FX forward counterparties, typical for hedging. The index tracked is a standard ESG-screened corporate bond index without complex contingent bonds or structured products. The monthly factsheet confirms physical replication and no synthetic or swap-based exposure. Therefore, under MiFID II, this ETF is classified as non-complex because it uses physical replication, has no leverage or synthetic exposure, invests in liquid, transparent fixed income securities, and has a clear, linear risk-return profile."
}